This Aerospace stock, which deals in offers Product Engineering Solutions in the areas such as Embedded Software and Hardware, Digitization and Automation, Mechanical Engineering, System Integration, hit 5 percent upper circuit after alliance with Altera Forge to transform high-speed computing.
Share Price Movement
In Thursday’s trading session, Axiscades Technologies share price was up by 5.00 percent for a price of Rs. 776.85. The stock remained in the upper circuit limit which is 5 percent higher than the previous closing price of Rs. 739.90. In the past year, the stock has given around 24 percent returns and outperformed the Nifty Index.
What Happened
The company’s stock was in focus after Mistral Solutions announced a strategic partnership with Altera (an Intel company) to improve high-performance computing solutions for defence applications.
The collaboration leverages Altera’s Agilex 9 Direct RF FPGA technology to drive innovations in the defence and aerospace sectors.
This partnership was officially unveiled in Bengaluru, attended by industry professionals and experts from organizations like DRDO, HAL, ISRO, and BEL.
Management Commentary
Commenting on the partnership, the CEO of Mistral Solutions, D Murali Krishnan said “We are excited to join hands with Altera in accelerating defense technology innovation. This strategic collaboration will empower defense programs with high-performance computing, enabling real-time data processing and ultra-low latency communication. By integrating Altera Agilex™ 9 Direct RF FPGA technology into our solutions, we are set to revolutionize mission-critical applications with unparalleled processing power and efficiency.”
Further, General Manager Military, Aerospace & Government Group at Altera, John Sotir said “Altera Agilex 9 Direct RF FPGAs feature integrated circuitry that used to be done in the analog domain, offering Mistral customers the critical SWAP capabilities and accelerated deployment required for next-generation applications in the aerospace and defense markets”.
Financials
In its latest filing for the quarter ending December 2024, the company reported an 18.53 percent rise in revenue, reaching Rs. 275 crore compared to Rs. 232 crore in Q3FY24. During the same period, net profit increased by 87.5 percent to Rs. 15 crore in Q3FY25, compared to Rs. 8 crore in Q3FY24.
Revenue Segment
The company earns 31 percent from Aerospace, followed by 34 percent from Defence, 11 percent from ESAI, 21 percent from HE & Auto, and the remaining 4 percent from Energy for Q3FY25. Geographically, they earn 41 percent from the APAC region, 35 percent from Europe, 21 percent from the USA, and the remaining 4 percent from Canada.
Company Profile
Axiscades Technologies is a leading engineering solutions company offering services in design, manufacturing, lifecycle support, and digital solutions. It caters to aerospace, defense, automotive, and energy sectors globally, with expertise in AI, additive manufacturing, and Industry 4.0 technologies.
Written by – Santhosh S
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